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GS Energy Announces Formation of Carbon Trading Unit
By BusinessWire Last Update: 9/6/2006 8:01:00 AM Data provided by
NEW YORK, Sep 06, 2006 (BUSINESS WIRE) -- GS Energy Corporation (GSEG) today announced its formation of a carbon trading division to focus on the increased development of GS Energy's renewable energy certificate, energy efficiency certificate, carbon and other emissions credit trading businesses.
The new division, GS Carbon Trading, Inc., will trade and sell renewable energy certificates ("RECs"), or Green Tags, and energy efficiency certificates ("EECs"), or White Tags, as well as emissions credits and other similar attributes.
Green Tags enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. Green Tags are the intangible environmental benefits associated with generating one megawatt hour ("MWh") of electric energy from a renewable resource such as biomass, sunlight, and wind. Green Tags don't require the energy to be physically delivered to the buyer, but instead offset the difference between cost of the renewable power and power from fossil energy sources and can be used by consumers regardless of whether or not their local utility has access to green power generation.
White Tags are similar to Green Tags except they represent one MWh of electricity savings due to the use of energy conservation methods and equipment. White Tags are determined through precise calculations of energy savings derived from conservation measures, such as the use of more efficient lighting, heating and cooling. GS Carbon's Sterling Planet group is pioneering the U.S. market for White Tags with its state-of-the-art technology with advanced mathematical techniques and neural network algorithms to establish accurate (greater than 99.9%), scalable and cost-effective processes for the measurement, verification and certification of White Tags.
Importantly, Green Tags and White Tags can be used to favorably impact the economics of renewable energy generation and energy conservation projects by monetizing reduced carbon emissions.
Carbon Trading
The Green Tag market is expected to grow from about $250 million to nearly one billion dollars per year by 2010. In addition, the new White Tag market is emerging as a potentially far larger market. Presently, these markets are characterized by fragmented brokerage-driven transactions. The growth and increasing liquidity of these markets is creating valuable opportunities for trade-driven transactions that capitalize more efficiently on changing market conditions.
"GS Energy's carbon trading group was founded to specifically focus on building a trading business that effectively capitalizes on the evolving carbon markets while facilitating decarbonization," said Kevin Kreisler, GS Energy's chairman and chief executive officer. "We intend to provide GS Carbon with the necessary capital, management and other resources necessary to meet this goal in the immediate term in ways that do not interfere with the development of GS Energy's planed power production facilities and ongoing manufacturing services."
GS Energy also announced its plans today to take GS Carbon public in a reverse merger or similar transaction with a compatible public company on or before October 1, 2006.
About GS Energy Corporation
GS Energy Corporation (GSEG) is an integrated new energy production company whose mission is to facilitate the more efficient use of traditional sources of energy and the increased production and use of renewable sources of energy. Additional information on GS Energy and its business model is available online at www.gs-energy.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS Energy Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: GS Energy Corporation
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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DirectView, Inc. (OTCBB:DRVW) today announced itsexecution of an agreement with GS Energy Corporation (OTCBB:GSEG) toacquire GS Carbon Trading, Inc., an emissions trading company focusedon the trading and sales of renewable energy certificates, or GreenTags, and energy efficiency certificates, or White Tags, as well asother similar attributes. GS Carbon also holds minority stakes inSterling Planet, Inc. and TerraPass, Inc.
Sterling Planet is the nation's leading retail renewable energyprovider and has established a strong reputation as the premier marketmaker for renewable energy sales. Sterling has sold over 4 billionkilowatt hours of renewable energy since its inception, representingenough energy to power 350,000 homes for a full year and offset 2.6million tons of carbon dioxide. Sterling Planet currently services animpressive array of clients including Alcoa, The Coca-Cola Company,DuPont, Delphi Corporation, Duke University, University of Utah, Nike,Pitney Bowes, U.S. Environmental Protection Agency, the U.S. GeneralServices Administration, the Homeland Security Department, WesternArea Power Administration, New York State Energy Research andDevelopment Authority (NYSERDA), the U.S. Army, Staples, WhirlpoolCorporation, the World Resources Institute and over 150 othercompanies.
TerraPass is a service that aids in eliminating personal vehiclecontributions to global warming. By issuing a "TerraPass" to itsmembers, TerraPass utilizes its members' contributions to promoteglobal energy efficiency and greenhouse gas reduction through targetedprojects. It is through these clean energy projects that TerraPasscounterbalances pollution from its members' vehicles.
Under the terms of its acquisition agreement with GS Energy,DirectView agreed to acquire 100% of GS Carbon in return for theissuance by DirectView to GS Energy of about 85% of DirectView'sissued and outstanding stock. After completion of the acquisition, GSCarbon will be majority-held, publicly traded subsidiary of GS Energy,an integrated new energy production company whose mission is tofacilitate the more efficient use of traditional sources of energy andthe increased production and use of renewable sources of energy.
"GS Carbon was founded to specifically focus on building a tradingbusiness that effectively capitalizes on the evolving carbon marketswhile facilitating decarbonization," said Kevin Kreisler, GS Energy'schairman and chief executive officer. "GS Energy intends to provide GSCarbon with the necessary capital, management and other resourcesnecessary to meet this goal in the immediate term in ways that do notinterfere with the development of GS Energy's planed power productionfacilities. Our expectation is that this transaction, which isintended to establish GS Carbon in its own public platform, willgreatly facilitate the growth and development of GS Carbon's carbontrading business."
The acquisition agreement also calls for the sale of DirectView'scurrent videoconferencing businesses prior to completion of theacquisition. Additional information regarding the GS Carbonacquisition agreement will be made available later today inDirectView's Form 8K filing on the transaction.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by stocktrader2006: Careful, Stockst'r pick as of 9-7-06 3pm.
Why isn't that MoFo in jail yet?
Thanks i thought something strange was going on.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I believe GSEG will move big when energy comes around again. It will like vrdm was. IMHO
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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quote:Originally posted by EverGreen: don't think so (well i hope ...)
news is great and this group pick can create big volume UP
quote:Originally posted by stocktrader2006: This biatch will be down over 30% tomorrow.
99% of this MoFo's picks tank the next day or within 2-3...Look at the 'ster's last pick, IVHN - Went from .14 to .035 in 3 days. Oh, and BTW, he is being sued by IVHN according to their PR release within 1 hour of the 'ster's pick.
Posts: 2554 | Registered: Nov 2005
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posted
Thanks for the heads up on stock ster...DRVW the company GSEG acquired ran hard today also and closed at .005 from .0023...hod at .0065... GSEG should gap in the AM but you're right if stock ster is in Careful folks...IMO
quote:Originally posted by stocktrader2006: We'll see, but everything the 'ster has picked has turned into a bagholder of dogchit.
I wouldn't even throw $20 into this right now.
GLTU
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Anyone that would trade based on such an obvious scam as 'ster deserves what they get.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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